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NATNordic American Tankers Limited
$7.62$1.6B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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NAT logo

Nordic American Tankers Limited

NAT
NYSE · Marine Shipping
$7.62
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$1.61B
P/E131.4x
52W High$8.33
Volume4.93M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Spot Rate Leverage Drives Rebound, But Payouts Appear Unsustainable

Nordic American Tankers is experiencing a sharp cyclical rebound, with Q2 2026 revenue growth of 56.9% and a gross margin of 48.5% demonstrating the company's high operating leverage in a favorable tanker market. However, this recovery appears fragile, as the ...

GrowthAccelerating
ProfitabilityStrong
ValuationReview
TechnicalsStrong
Explore valuation models
MARKET ACTION

NAT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

3/12 Beats

EPS beat 3 of last 12 quarters

02

Valuation risk

+622% Peers

P/E is 622% above peer median

03

Market leadership

RS 94 · Leader

High momentum (Outperforming 94% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Nov 27

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NAT+145.70%
S&P 500 (^GSPC)+12.39%
1-Year Return
NAT+151.04%
S&P 500 (^GSPC)+15.77%
3-Year Return
NAT+128.64%
S&P 500 (^GSPC)+75.34%
5-Year Return
NAT+331.25%
S&P 500 (^GSPC)+75.16%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
131.4x
Forward P/EExpansion
8.5x
EV/EBITDA100th %ile
23.0x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
131.4x
40.9x
100th· High
EV/EBITDA
23.0x
10.0x
100th· High
Price/FCF
N/A
13.3x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$1.78-76.6%
Base (Fair)$3.85-53.3%
Bull$6.59-13.5%
$1.78 Bear$3.85 Base$6.59 Bull
Current Market Price: $7.62
Trades at a 97.9% premium to Base DCF ($3.85)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$292M-16.4% YoY
Net income
$12M-73.7% YoY
Free cash flow
-$117M-192.9% YoY
Operating margin
9.9%-12.2 pts YoY
ROIC (TTM)2.8%
Avg ROIC 5Y-
ROE (TTM)2.6%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate3/12 (25%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 27, 2026
$0.32+5.5%
vs $0.30
$79M-5.8%
vs $84M
Q2 2026
May 28, 2026
$0.17+6.3%
vs $0.16
$78M-5.3%
vs $82M
Q1 2026
Feb 26, 2026
$0.06-58.1%
vs $0.14
$59M-22.1%
vs $75M
Q4 2025
Nov 28, 2025
-$0.01-110.0%
vs $0.10
$75M+6.6%
vs $70M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·23h ago
Nordic American Tankers Ltd (NYSE: NAT) – the Direction is Up

Wednesday, September 23, 2026 Dear Shareholders and Investors, I am very pleased to inform you that the market conditions for our vessels continue to be exceptionally solid. We expect this development to continue.

Seeking Alpha·Sep 16, 2026
25 Dividend Buys You May Want To Hold Forever From September's Russell Index

The top ten SML Russell MHFS dogs are forecasted to deliver average net gains of 40.06% by September 2027, with yields up to 22.18%. All top-ten yielders are ideally priced, with annual dividends from $1K invested exceeding single share prices, meeting the 'dividend dog' standard. Fifteen of fifty-one SML Russell MHFS stocks show negative free cash flow margins, making their dividends less secure and riskier for income-focused investors.

GlobeNewsWire·Sep 15, 2026
Nordic American Tankers Ltd (NYSE: NAT) – Exceptional conditions for our vessels

Tuesday, September 15, 2026 Dear Shareholders and Investors, We are currently experiencing a market for our vessels that is extraordinary. Below is a snapshot of some recent spot fixtures for our ships – the numbers are approximate.

Defense World·Sep 15, 2026
Nordic American Tankers (NYSE:NAT) Sets New 52-Week High – Here’s Why

Nordic American Tankers Limited (NYSE: NAT - Get Free Report) reached a new 52-week high on Tuesday. The company traded as high as $7.70 and last traded at $7.6270, with a volume of 6560705 shares changing hands. The stock had previously closed at $7.46. Analyst Upgrades and Downgrades NAT has been the topic of several

Filtered for Nordic American Tankers LimitedMore Headlines
04

Compare before deciding

Benchmark NAT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Nordic American Tankers Limited (NAT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NAT logoNATNordic American Tankers LimitedCurrent
$7.62$1.61B131.38-16.39%4.2%2.57%5.25%
TNK logoTNKTeekay Tankers Ltd.
$94.54$3.28B9.36-22.58%51.35%27.73%—
INSW logoINSWInternational Seaways, Inc.
$101.96$5.05B16.37-11.38%61.86%37.04%—
DHT logoDHTDHT Holdings, Inc.
$21.28$3.43B16.24-13.04%65.54%39.55%—
STNG logoSTNGScorpio Tankers Inc.
$81.25$4.04B11.56-24.58%67.16%24.51%—
TK logoTKTeekay Corporation
$13.52$1.18B11.96-22.19%23.33%15.03%—

Compare NAT vs Peers

Nordic American Tankers Limited (NAT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TNK

Most directly comparable listed peer for NAT.

Scale Benchmark

vs XOM

Larger-name benchmark to compare NAT against a more recognizable public peer.

Peer Set

Compare Top 5

vs TNK, INSW, DHT, STNG

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NAT Frequently Asked Questions

Nordic American Tankers Limited (NAT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Nordic American Tankers Limited's revenue?

Nordic American Tankers Limited (NAT) reported $372.1M in revenue for fiscal year 2025. This represents a 6965% increase from $5.3M in 1997.

How fast is Nordic American Tankers Limited growing?

Nordic American Tankers Limited (NAT) saw revenue decline by 16.4% over the past year.

Is NAT profitable?

Yes, Nordic American Tankers Limited (NAT) is profitable, generating $123.5M in net income for fiscal year 2025 (4.2% net margin).

Dividend & Returns
Does NAT pay dividends?

Yes, Nordic American Tankers Limited (NAT) pays a dividend with a yield of 5.25%. This makes it attractive for income-focused investors.

What is NAT's return on equity?

Nordic American Tankers Limited (NAT) has a return on equity (ROE) of 2.6%. This is below average, suggesting room for improvement.

What is Nordic American Tankers Limited's free cash flow?

Nordic American Tankers Limited (NAT) generated $117.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in NAT back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →